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St. Pete Penthouse at 400 Central Sells For More Than $5 Million

“We are thrilled to welcome this wonderful couple into 400 Central in the heart of St. Petersburg. And I am thrilled to have them as my neighbor,” said John Catsimatidis Sr. He’s the founder of Red Apple Real Estate and principal of the development company for Residences at 400 Central. He himself will also be purchasing a penthouse residence at 400 Central. “This sale confirms that 400 Central is among the most attractive and successful new developments in the nation. Feedback from buyers has been phenomenal and our sales team has experienced incredible momentum which we expect to grow as construction continues.”

The developer recently closed on $252 million in construction financing and contractors have drilled nearly 90 steel-reinforced deep foundation pilings. Work is currently underway to prepare for the pouring more than 6,500 cubic yards of concrete, which will create the base of the foundation for the 515-foot-high residential tower.

Read More at Modern Globe